v3.26.3
Segment Financial Information
 9 Months Ended
Oct. 03, 2026
Segment Reporting [Abstract]  
Segment Financial Information Segment Financial Information
We operate in, and report financial information for, the following five operating segments: Textron Aviation, Bell, Textron Systems, Industrial and Finance. Effective January 4, 2026, the beginning of our 2026 fiscal year, the business activities of the Textron eAviation segment were realigned within Textron's other operating segments resulting in the elimination of the Textron eAviation segment as a separate reporting segment. Under the segment realignment, a significant part of Textron eAviation, including Pipistrel, became part of the Textron Aviation segment to enable the business to more effectively leverage the development, manufacturing and sales expertise at Textron Aviation. In addition, Textron eAviation’s manned and unmanned products for military applications and related research and development activities are included in the results of the Textron Systems segment, which is best suited to provide more direct access to the targeted customer base for these products. Lastly, certain Textron eAviation research and development activities encompassing digital flight control and air vehicle management systems, which we expect will benefit several of our segments, are reported within corporate expenses. The prior period has been recast to reflect the segment realignment.
On April 30, 2026, Textron announced its intent to separate its Industrial segment from the Company. The Company intends to explore multiple paths to effect the planned separation of its Industrial segment, including but not limited to a sale of the Industrial businesses or a tax-free separation into a standalone, publicly traded company. The Company is targeting completion of the separation within 12 to 18 months from the original announcement, subject to the satisfaction of certain conditions customary for such a proposed separation, including receipt of any required regulatory approvals and final approval of the Company’s Board of Directors. There can be no assurance regarding the ultimate timing or structure of the proposed separation or that a transaction will be completed.
Segment profit for the manufacturing segments excludes the non-service components of pension and postretirement income, net; LIFO inventory provision; intangible asset amortization; interest expense, net for Manufacturing group; certain corporate expenses; gains/losses on major business dispositions; and special charges. The measurement for the Finance segment includes interest income and expense along with intercompany interest income and expense.
Our revenues and expenses by segment are provided below:
(In millions)Textron AviationBellTextron SystemsIndustrialFinanceTotal
Three months ended October 3, 2026
Revenues$1,680 $933 $360 $765 $13 $3,751 
Costs and expenses:
Cost of sales1,334 783 272 654 — 3,043 
Research and development costs56 24 10 17 — 107 
Selling and administrative expense111 50 21 56 4 242 
Interest expense, net— — — — 4 4 
Segment profit$179 $76 $57 $38 $5 $355 
Three months ended September 27, 2025
Revenues$1,479 $1,026 $310 $761 $26 $3,602 
Costs and expenses:
Cost of sales1,153 846 238 655 — 2,892 
Research and development costs55 33 13 15 — 116 
Selling and administrative expense99 55 12 60 4 230 
Interest expense, net— — — — 4 4 
Segment profit$172 $92 $47 $31 $18 $360 
Nine months ended October 3, 2026
Revenues$4,709 $3,077 $1,045 $2,399 $43 $11,273 
Costs and expenses:
Cost of sales3,691 2,604 797 2,012 — 9,104 
Research and development costs170 88 29 52 — 339 
Selling and administrative expense350 162 76 198 3 789 
Interest expense, net— — — — 13 13 
Segment profit$498 $223 $143 $137 $27 $1,028 
Nine months ended September 27, 2025
Revenues$4,217 $3,025 $933 $2,392 $57 $10,624 
Costs and expenses:
Cost of sales3,264 2,490 703 2,031 — 8,488 
Research and development costs174 110 39 49 — 372 
Selling and administrative expense315 163 66 197 8 749 
Interest expense, net— — — — 13 13 
Segment profit$464 $262 $125 $115 $36 $1,002 
A reconciliation of segment profit to income from continuing operations before income taxes is presented below:
Three Months EndedNine Months Ended
(In millions)October 3,
2026		September 27,
2025		October 3,
2026		September 27,
2025
Segment profit$355 $360 $1,028 $1,002 
Unallocated amounts:
Corporate expenses and other, net(32)(29)(121)(124)
Interest expense, net for Manufacturing group(28)(26)(86)(77)
LIFO inventory provision(36)(48)(116)(115)
Intangible asset amortization(7)(8)(22)(24)
Special charges— — — (4)
Non-service components of pension and postretirement income, net70 67 210 200 
Income from continuing operations before income taxes$322 $316 $893 $858 
Other information by segment is provided below:
Capital ExpendituresDepreciation and Amortization
Three Months EndedNine Months EndedThree Months EndedNine Months Ended
(In millions)October 3,
2026		September 27,
2025		October 3,
2026		September 27,
2025		October 3,
2026		September 27,
2025		October 3,
2026		September 27,
2025
Textron Aviation$28 $30 $92 $93 $45 $43 $125 $124 
Bell37 26 139 59 26 23 74 73 
Textron Systems13 7 35 20 12 12 35 36 
Industrial23 12 60 37 17 17 52 51 
Corporate1 1 4 1 1 2 5 5 
Total$102 $76 $330 $210 $101 $97 $291 $289 
Our assets by segment are summarized below:
(In millions)October 3,
2026		January 3,
2026
Textron Aviation$5,113 $5,103 
Bell3,596 3,132 
Textron Systems2,283 2,224 
Industrial2,341 2,305 
Finance689 677 
Corporate4,324 4,688 
Total assets$18,346 $18,129